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- GWR Group (GWR) has successfully commissioned a crusher for its C4 Iron Ore deposit in Wiluna, WA
- Operations have now commenced, with high-grade material being crushed and prepared for transportation
- Stage one of the development covers the first one million tonnes of C4’s mineral resource estimate
- It comes after the company signed a new offtake agreement for C4 with Pacific Minerals on Wednesday
- On the market this morning, GWR is down 3.28 per cent and trading at 29.5 cents per share
GWR Group (GWR) has successfully commissioned a crusher for its C4 Iron Ore deposit in Wiluna, WA.
Earlier this month, the company and its contract partners, Pilbara Resource Group (PRG), commenced mining operations at C4.
With the crusher fully operational, run of mine (ROM) ore stocks are currently being built for crushing. Operations have now commenced, with high-grade material being crushed so it can be prepared for transportation.
Stage one of the development covers the first one million tonnes of C4’s mineral resource estimate, which weighs in at 21.6 million tonnes at 60.7 per cent iron. Notably, assessment and modelling is currently underway to increase production tonnage at stage one.
“I am pleased to advise shareholders of another production milestone the GWR and PRG team have achieved, with the commissioning of the crusher and crushing activities commenced, GWR remains on track to deliver on this accelerated project execution schedule,” Chairman Gary Lyons said.
“With production mining operations having commenced and with the current buoyant iron ore price, we are eager to meet our target of first ore shipment in January 2021 and exploit this strong commodity cycle,” he added.
Just yesterday, the company signed a new offtake agreement for C4 with Pacific Minerals (PML). Significantly, the deal covers all of the deposit’s stage one production tonnage, meaning the ore currently being milled already has a buyer.
On the market this morning, GWR is down 3.28 per cent and is trading at 29.5 cents per share at 12:19 pm AEDT.
